Natural gas price dives as warmer U.S. outlook bites; UNG ETF slides
Natural gas prices in the U.S. dropped hard on Monday, hitting gas-linked funds and dragging on producers, with traders betting on a warmer stretch through mid-February.

Natural gas futures in the U.S. tumbled over 6% on Monday, pulling the March benchmark contract down near $3 per MMBtu—the typical pricing unit in domestic gas markets. With Presidents Day shutting down U.S. stock and bond trading, markets will open again Tuesday.